Additional Term Facilities Clause Samples

Additional Term Facilities. Any Term Facility may, if determined necessary by the Administrative Agent and the Lenders providing such Term Commitments, in their reasonable discretion, be effected pursuant to one or more amendments (each, a “Term Loan Amendment”) executed and delivered by the Borrowers, the applicable Term Lenders providing such Term Facility, and the Administrative Agent. All Term Loans for any Term Facility shall (A) mature on the Maturity Date with respect thereto as set forth in the applicable Term Loan Amendment, but shall mature no earlier than the earliest Maturity Date for any Term Facility, (B) bear interest at such rates as are agreed upon by the Borrower and the Term Lenders providing such Term Facility, (C) not require scheduled amortization prior to the earliest Maturity Date for any outstanding Term Facility but may permit voluntary prepayment (subject to sub-clause (D) hereof), and (D) not rank higher than pari passu in right of payment and with respect to security with all Revolving Credit Loans and any other existing Term Loans or have different borrower or guarantors as the Borrowers and Guarantors with respect to all other Obligations. Each Term Loan Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as are consistent with this Section 2.15 and may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.15 with respect thereto. On any Increase Effective Date on which any Term Facilities are effected, subject to the satisfaction of the foregoing terms and conditions, (i) each applicable Term Lender shall make a Term Loan to the Borrowers in an amount equal to its Term Commitment as of such date, and (ii) each Term Lender shall become a Lender hereunder with respect to the Term Commitment and the Term Loans made pursuant thereto.
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Additional Term Facilities. (a) of the Credit Agreement is amended to delete the parenthetical clause “(which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders)” from such Section.
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Additional Term Facilities 
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Related to Additional Term Facilities

  • Initial Term Loans The Borrowers shall repay to the Administrative Agent for the ratable account of the applicable Term Lenders the aggregate principal amount of all Initial Term Loans outstanding in consecutive quarterly installments as follows (which installments shall, to the extent applicable, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Initial Term Loans pursuant to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loans made as of the Closing Date)): Date Amount The last Business Day of each fiscal quarter ending prior to the Maturity Date for the Term Facilities starting with the last Business Day in the fiscal quarter ending on March 31, 2021 0.25% of the aggregate principal amount of the aggregate initial principal amount of the Initial Term Loans on the Closing Date Maturity Date for the Initial Term Loans All unpaid aggregate principal amounts of any outstanding Initial Term Loans provided, however, that (i) if the date scheduled for any principal repayment installment is not a Business Day, such principal repayment installment shall be repaid on the next preceding Business Day, and (ii) the final principal repayment installment of the Initial Term Loans shall be repaid on the Maturity Date for the Initial Term Loans and in any event shall be in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such date; provided, further, that this Section 2.07(a) may be amended (at the option of the Parent Borrower), as it relates to any then-existing tranche of Term Loans to increase the amortization with respect thereto, in connection with the Borrowing of any Incremental Term Loans that constitute Pari Passu Indebtedness if and to the extent necessary so that such Incremental Term Loans and the applicable existing Term Loans form the same Class of Term Loans and to the extent practicable, a “fungible” tranche, in each case, without the consent of any party hereto, and (y) such amendments shall not decrease any amortization payment to any Lender that would have otherwise been payable to such Lender prior thereto.